{"id":7423,"date":"2024-03-21T23:50:31","date_gmt":"2024-03-21T23:50:31","guid":{"rendered":"https:\/\/economicherald.net\/?p=7423"},"modified":"2024-03-21T23:50:31","modified_gmt":"2024-03-21T23:50:31","slug":"top-10-at-10-bass-goes-deep-for-a-solution-to-the-east-coast-gas-shortage","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7423","title":{"rendered":"Top 10 at 10: Bass goes deep for a solution to the East Coast gas shortage"},"content":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.<\/p>\n

It\u2019s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every\u00a0ASX\u00a0stock has started trading.<\/p>\n

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WINNERS<\/h2>\n

Stocks highlighted in yellow made market-moving announcements\u00a0(click\u00a0headings to sort).<\/em><\/p>\n

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Security Description Last % Volume MktCap G50 Gold50Limited 0.15 50% 193,128 $10,929,000 ENX Enegex Limited 0.026 37% 622,972 $7,009,404 MRD Mount Ridley Mines 0.002 33% 250,000 $11,677,324 BNZ Benzmining 0.21 31% 65,500 $17,804,476 IS3 I Synergy Group Ltd 0.009 29% 6,000 $2,128,563 ZNO Zoono Group Ltd 0.1 25% 171,631 $17,094,192 CAV Carnavale Resources 0.005 25% 1,250,000 $13,694,207 BAS Bass Oil Ltd 0.055 22% 952,292 $12,077,750 ASH Ashley Services Grp 0.275 17% 200,547 $33,834,337 KAU Kaiser Reef 0.145 21% 205,792 $20,525,267 <\/p>\n

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ENEGEX (ASX:ENX)<\/a> has new exploration ground at its Perenjori project in the West Yilgarn, the same neighbourhood as Chalice Mining\u2019s (ASX:CHN)<\/a> 560Mt Gonneville project.<\/p>\n

The newly granted exploration license covers Rocky Ridge, a 6.5km-long gold target defined by elevated gold anomalism at surface and promising shallow drill results, including 7m at 2.52g\/t to end of hole.<\/p>\n

Bass Oil (ASX:BAS)<\/a> will kick off an Extended Production Test (EPT) at the Kiwi project \u201cas soon as possible\u201d to confirm the potential field size and gas composition.<\/p>\n

\u201cBass has increased confidence that Kiwi contains a commercial volume of gas, providing the pathway for the company to enter the eastern states\u2019 gas market,\u201d it says.<\/p>\n

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LOSERS<\/h2>\n

Stocks highlighted in yellow made market-moving announcements\u00a0(click headings to sort).<\/em><\/p>\n

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Security Description Last % Volume MktCap CAI Calidus Resources 0.12 -27% 244,773 $101,086,600 1AG Alterra Limited 0.003 -25% 44,711 $3,482,763 MCT Metalicity Limited 0.002 -20% 10,000 $11,212,634 ROG Red Sky Energy 0.004 -20% 259,938 $27,111,136 ICG Inca Minerals Ltd 0.005 -17% 50,000 $4,792,627 MOH Moho Resources 0.005 -17% 15,000 $3,235,069 EM2 Eagle Mountain 0.059 -14% 1,244,199 $21,042,714 LVH Livehire Limited 0.025 -14% 71,000 $10,622,860 GTR Gti Energy Ltd 0.007 -13% 2,152,956 $16,399,577 CZN Corazon Ltd 0.008 -11% 9,434 $5,540,381 <\/p>\n

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Stuttering WA gold miner Calidus (ASX:CAI)<\/a> will raise $16.5m and restructure its hedge book and debt repayments with lender Macquarie, which could result in an extra ~$31m profit in 2024.<\/p>\n

The placement will be done at 11.5c per share, a 30.3% discount to the last closing price, and a 45% discount to a ~$40m raise completed April last year.<\/p>\n

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The post Top 10 at 10: Bass goes deep for a solution to the East Coast gas shortage<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. 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